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Watch above: An artist’s painting of Toronto’s rainbow tunnel was auctioned off for one of the largest paydays ever for a living artist. Christina Stevens reports.

LONDON – A painting of a Toronto roadside tunnel by artist Peter Doig has sold at auction for $15.5 million.

Sotheby’s in London hammered down the work, which depicts the rainbow tunnel off Toronto’s Don Valley Parkway, for $8,482,500 British pounds (CDN $15,481,453) on Monday.

That price includes the buyer’s premium.

Titled “Country-rock (wing-mirror),” the oil on canvas was painted in 1999 and is considered one of the most recognizable works from the Scottish-born painter, who grew up partly in Montreal and Toronto.

It depicts the tunnel as seen from the view of the passenger side of a car on the nearby highway.